jezabellortiz14 jezabellortiz14

24-04-2017
Mathematics

contestada

Jessica deposits $300 into a savings account that pays an annual interest rate of 2%, compounded twice a year. How much money will Jessica have in her account at the end of one year?

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greengirl147 greengirl147

24-04-2017

$312 would be in the account. 2% of $300 is $6 and if interest rates are compounded twice a year it would be $12 extra at the end of the year.

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Aliwohaish12 Aliwohaish12

25-04-2017

A=300×(1+0.02÷2)^(2)
A=306.03

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